CCDC Delays Tower Decision

As expected, the Centre City Development Corp.--the agency in charge of downtown redevelopment--on Friday postponed a decision on which of three companies should be selected to build a 30-plus-story apartment tower just south of Horton Plaza.

The decision gives the three companies until May 17 to refine their proposals, which were submitted last November. Already, two of the firms have told CCDC they are sweetening their plans by increasing the amount of their bid. And another has dropped its previous architect and is redesigning its high-rise.

The agency’s board of directors was unable to pick any of the three proposals earlier this month when neither project was able to muster a majority vote. Instead of taking another vote Friday, the directors--who say they still need more information--decided on the two-month delay.

Competing for the job are the Broe Cos., and the partnerships of Urban Pacific Group and VMS Realty Partners, and Tutor-Saliba/Paragon Group.